股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年3月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: VSING Limited (於開曼群島註冊成立之有限公司） 呈交日期: 2026年4月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08292 | 說明 | 普通股 | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 HKD | | 200,000,000 | 本月底法 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈之全部或任何部份 內容而產生或倚賴該等內容而引致之任何損失承擔任何責任。 （於開曼群島註冊成立之有限公司） （股份代號：8292） VSING Limited 達成主要交易之溢利擔保 茲提述VSING Limited（「本公司」）日期為二零二五年三月二十一日之公佈及本公司日期 為二零二五年六月三十日之通函（「該通函」），內容有關收購V Sing Global Limited全部 已發行股本之主要交易。除非另有指明，否則本公佈所用詞彙與該通函所界定者具有相 同涵義。 根據買賣協議，賣方共同及個別向本公司擔保，於溢利擔保期間的除稅後溢利淨額將不 少於7,800,000港元。 倘二零二五年財年經審核財務報表所示的除稅後溢利淨額少於擔保溢利，或倘目標集 團於二零二五年財年經審核財務報表錄得經審核除稅後淨虧損，則本公司有權於二 零二五年財年經審核財務報表刊發後十(10)個營業日內，向賣方提出擔保溢利補償的 申索，有關補償可由賣方自行以現金結算，或要求本公司按零代價購回相關代價股份 數目。 ...

Financial Performance - Total revenue for the year ended December 31, 2025, was RM 123,228,000, representing a 44% increase from RM 85,473,000 in 2024[5] - Gross profit for the same period was RM 16,722,000, up from RM 7,688,000, indicating a significant improvement in profitability[5] - The company reported a pre-tax loss of RM 69,497,000 for 2025, compared to a loss of RM 7,447,000 in 2024, highlighting ongoing financial challenges[5] - The total comprehensive loss for the year was RM 73,901,000, compared to RM 12,228,000 in the previous year, reflecting increased operational difficulties[5] - Basic and diluted loss per share for the year was 7.93 sen, compared to 0.98 sen in 2024, reflecting the impact of increased losses on shareholder value[6] - The group recorded a loss attributable to owners of approximately MYR 69.8 million for the current fiscal year, compared to MYR 6.2 million in 2024, resulting in a loss per share of 7.93 sen[72] Assets and Liabilities - The company's non-current assets increased to RM 47,635,000 in 2025 from RM 11,950,000 in 2024, indicating significant investment in long-term assets[7] - Current assets rose to RM 51,685,000 in 2025, up from RM 35,379,000 in 2024, suggesting improved liquidity[7] - The company's total liabilities increased to RM 34,559,000 in 2025 from RM 23,088,000 in 2024, indicating a rise in financial obligations[8] - The net asset value of the company reached RM 64,761,000 in 2025, compared to RM 24,241,000 in 2024, showing a strong growth in equity[8] - The total assets of the company rose to 99,320 thousand MYR in 2025 from 47,329 thousand MYR in 2024, reflecting a growth of 109%[24] - The group's current assets net value was approximately MYR 22.0 million, with cash and bank balances of about MYR 6.0 million[73] Revenue Streams - Total customer contract revenue for the year ended December 31, 2025, was 123,228 thousand MYR, up from 85,473 thousand MYR in 2024, representing a growth of 44%[19] - Revenue from air freight agency and related services increased to 17,180 thousand MYR in 2025 from 10,851 thousand MYR in 2024, a growth of 58%[19] - Revenue from the sale of second-hand mobile phones rose to 45,407 thousand MYR in 2025, compared to 29,757 thousand MYR in 2024, marking a growth of 53%[19] - The total revenue from freight forwarding and related services was 43,129 thousand MYR in 2025, up from 36,741 thousand MYR in 2024, an increase of 17%[23] - The manufacturing and sales of plastic products generated revenue of 30,086 thousand MYR in 2025, compared to 18,975 thousand MYR in 2024, reflecting a growth of 59%[23] - Revenue from integrated logistics services rose by approximately 17.4% or about 6.4 million MYR, primarily due to a 58.3% increase in sea freight services compared to the previous year[59] Strategic Initiatives - The company is focused on expanding its interactive entertainment technology platform and logistics services in Malaysia and Hong Kong, aiming for growth in international markets[10] - The report indicates that the group has four operating segments, up from three in 2024, highlighting a strategic expansion in business lines[20] - The company aims to enhance its market position in logistics services in Hong Kong despite a highly competitive environment in Malaysia[39] - The interactive entertainment division focuses on expanding its operations in mature markets while improving the efficiency of its AI platform[49] - The company successfully transformed from a regional player in Asia to a global brand, establishing operations in the US market as a cornerstone of its globalization strategy, with over 100 store contracts signed by the end of 2025[50] - The company signed a strategic memorandum of understanding with a well-known hotel group to integrate its interactive AI entertainment system into five hotel properties by the end of 2025[50] Operational Challenges - The company recorded a goodwill impairment of 54,000 thousand MYR in 2025, with no such impairment reported in 2024[24] - The administrative expenses for the current fiscal year and for the year ending December 31, 2024, were MYR 20.3 million and MYR 12.8 million, respectively[69] - The financing costs for the current fiscal year were approximately MYR 0.7 million, compared to MYR 0.5 million in 2024[70] - The company has faced various risks including operational, market, liquidity, credit, and regulatory risks, and has established risk management policies to address these[82] Employee and Governance - The company employed a total of 414 full-time employees as of December 31, 2025, down from 498 in 2024, with total employee compensation reaching 13.1 million MYR in the current fiscal year, compared to 17.4 million MYR in 2024[97] - The company has confirmed compliance with the corporate governance code throughout the fiscal year and up to the announcement date[107] - The audit committee, composed entirely of independent non-executive directors, reviewed the annual performance and confirmed it was prepared in accordance with applicable accounting standards[108] Risk Management - The company has implemented risk management measures including GPS tracking and paid escort services to mitigate risks associated with cargo hijacking and theft[90] - The company has a disaster recovery plan in place covering critical application analysis, recovery time, and damage assessment to address risks related to over-reliance on information technology[93] - The company anticipates potential increases in freight and transportation costs due to factors such as fuel prices and exchange rates, and plans to pass on costs to customers where possible[92] - The company has taken steps to investigate new customers' backgrounds and report any suspicious cargo to authorities to mitigate risks associated with transporting prohibited items[91] Shareholder Actions - The company successfully placed 126,720,000 shares at a price of 0.1 HKD per share, representing approximately 16.67% of the enlarged issued share capital, with net proceeds of approximately 12.3 million HKD allocated for manufacturing and selling plastic products in Vietnam and general working capital[100] - The company has adopted a share option scheme approved by shareholders on June 17, 2016, allowing for the issuance of a total of 8,000,000 shares, representing approximately 0.74% of the company's issued share capital[103] - No shares were bought, sold, or redeemed by the company or its subsidiaries during the fiscal year[104]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈之全部或任何部份 內容而產生或倚賴該等內容而引致之任何損失承擔任何責任。 盈利警告 本公佈由VSING Limited（「本公司」，連同其附屬公司統稱「本集團」）遵照香港聯合交易 所有限公司（「聯交所」）證券上市規則（「GEM上市規則」）第17.10條及香港法例第571章 證券及期貨條例第XIVA部項下之內幕消息條文（定義見GEM上市規則）而作出。 根據對本集團截至二零二五年十二月三十一日止年度（「本年度」）之未經審核綜合管理 賬目作出的初步評估及目前可獲得資料，本公司董事（「董事」）會（「董事會」）謹此知會 本公司股東（「股東」）及潛在投資者，本集團預期於本年度錄得本公司擁有人應佔虧損 大幅增加，較截至二零二四年十二月三十一日止年度之本公司擁有人應佔虧損約6.1百 萬令吉，增加不少於約70.0百萬令吉。 該大幅增加主要由於本年度確認不少於60百萬令吉之減值虧損，減值與收購互動娛樂 科技平台及軟件業務所產生之商譽有關，經獨立第三方估值師評估後作出。減值主要源 於買賣協議簽署日期 ...

香港，二零二六年三月十八日 （於開曼群島註冊成立之有限公司） （股份代號：8292） VSING Limited 董事會會議通告 VSING Limited（「本公司」）之董事（「董事」）會（「董事會」）謹此宣佈，董事會將於二零 二六年三月三十日（星期一）舉行會議，以商討（其中包括）批准本公司及其附屬公司截 至二零二五年十二月三十一日止年度的年度業績及其發佈，以及考慮建議派付末期股息 （如有）。 承董事會命 VSING Limited 主席 吳聖鑫 香港交易及結算所有限公司及香港聯合交易所有限公司對本公佈之內容概不負責，對 其準確性或完整性亦不發表任何聲明，並明確表示概不會就本公佈之全部或任何部份 內容而產生或倚賴該等內容而引致之任何損失承擔任何責任。 於本公佈日期，執行董事為吳聖鑫先生（主席）、黎國禧先生及陳建豪先生；及獨立非執 行董事為黃凱欣女士、馬健雄先生及張彩虹女士。 本公佈的資料乃遵照香港聯合交易所有限公司的GEM證券上巿規則而刊載，旨在提供 有關本公司的資料；各董事願就本公佈的資料共同及個別地承擔全部責任。各董事在作 出一切合理查詢後，確認就彼等所知及所信，本公佈所載資料在各重要方面均屬準確完 備 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年2月28日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: VSING Limited (於開曼群島註冊成立之有限公司） 呈交日期: 2026年3月2日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08292 | 說明 | 普通股 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HKD | | 200,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 2,000,000,000 | HKD | | 0.1 | HK ...

Group 1 - The core point of the article is that VSING (08292) has deposited shares worth HKD 63.9443 million into Shengheng Financial Holdings, representing 18.25% of the total shares [1] - On January 12, VSING announced that the placement agreement, supplemented by a supplementary agreement established with the placement agent on December 19, 2025, has become invalid as the conditions were not met by the extended deadline of January 12, 2026 [1]

Group 1 - The core point of the article highlights that VSING (08292) shareholders deposited stocks into Shengheng Financial Holdings, with a market value of HKD 63.9443 million, representing 18.25% of the total [1] - On January 12, VSING announced that the placement agreement, supplemented by a supplementary agreement established with the placement agent on December 19, 2025, failed to meet the conditions by the extended deadline of January 12, 2026, resulting in the agreement becoming invalid [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2026年1月31日 狀態: 新提交 FF301 致：香港交易及結算所有限公司 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 08292 | 說明 | 普通股 | | | | | | | | 已發行股份（不包括庫存股份）數目 | | 庫存股份數目 | | 已發行股份總數 | | | 上月底結存 | | | 1,078,320,000 | | 0 | | 1,078,320,000 | | 增加 / 減少 (-) | | | | | | | | | 本月底結存 | | | 1,078,320,000 | | 0 | | 1,078,320,000 | 足夠公眾持股量的確認(註4) I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | 於香港聯交所上市 (註1) | | 是 | | | --- ...

Core Viewpoint - VSING (08292.HK) has signed a memorandum of understanding with Hainan Cloud Warehouse Winery Co., Ltd. to explore potential strategic cooperation, leveraging each other's resources for mutual benefits [1] Group 1: Strategic Cooperation - The memorandum outlines initial cooperation directions, including strategic supply, where Cloud Warehouse Winery will serve as a strategic beverage supplier for VSING's entertainment venues [1] - Market collaboration is also planned, with Cloud Warehouse Winery assisting in the recruitment of franchisees and promoting VSING's music AI platform through its established agent network in mainland China [1] - Both parties aim to explore additional collaboration opportunities to create synergistic effects by leveraging their respective resource advantages [1] Group 2: Advantages and Strategic Fit - The board believes that Cloud Warehouse Winery possesses a rich product system and a well-established market pipeline in the beverage supply sector [1] - VSING has core advantages in AI music services and global entertainment venue layout, making the strategic partnership beneficial for enhancing the service system of entertainment venues and expanding market influence [1] - This collaboration aligns with the long-term development strategy of the company and serves the overall interests of its shareholders [1]